Technical analysis by ama-Beeps about Symbol BTC: Sell recommendation (8/23/2024)

15m Trend line is broken, 5m Bearish trend is confirmedMACD , 1,200 , showing the start of a selling momentum, all of these patterns are still in developing stage, hence we can not risk too much asset,I have entered into the position with half of my actual position. I have plans to add more position later when the patterns are firmly established.The key for this early entry is very high RR which is more than 9.Result Trade No 2 Journal 2024 (A) Stop Loss Hit Risk 0.5% Loss 0.5% We're preparing to re-enter the market with a 0.5% risk allocation, contingent on confirmation from the 15-minute trend. While the RR ratio in this setup is expected to be lower, potentially up to 3.0, it remains a viable opportunity